Medical Research Futures Fund.

[tall_bearded]

Has anyone been able to work out how this fund is going to work, and in particular who has the intellectual property rights to research outcomes.

That is, if/when the research results in a product which is sold to the private sector for final development and product productiion (say a pharmaceutical company) who gets the money, is it the researcher/research facility or us vide general revenue.

[cherry*135]

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@boris1gary wrote:

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@am*3 wrote:

I would still ilke to know if this if this statement is accurate re funding (Future Fund? Costello chairman)

So this medical research fund that is going to be majority financed by the Super Future Fund (that Costello now heads)

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from the abc

It will be managed by the Future Fund board and pay annual dividends for medical research; $20 million initially, rising to $1 billion by 2023.

However, there is a catch - all money invested in the fund will come from "savings from health reforms in this and future budgets".

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That is what I thought.

The claim in red is false then.